Mitchells & Butlers plc’s (MAB) “Hold” Rating Reaffirmed at Canaccord Genuity

Canaccord Genuity reiterated their hold rating on shares of Mitchells & Butlers plc (LON:MAB) in a report published on Wednesday, May 17th. They currently have a GBX 285 ($3.61) price target on the stock.

MAB has been the topic of a number of other research reports. Peel Hunt reaffirmed a hold rating and set a GBX 262 ($3.31) price objective on shares of Mitchells & Butlers plc in a research report on Tuesday, January 17th. Deutsche Bank AG reaffirmed a hold rating and set a GBX 245 ($3.10) price objective on shares of Mitchells & Butlers plc in a research report on Wednesday, February 15th. Barclays PLC lowered Mitchells & Butlers plc to an underweight rating and dropped their target price for the company from GBX 375 ($4.74) to GBX 220 ($2.78) in a report on Thursday, February 2nd. Finally, Berenberg Bank began coverage on Mitchells & Butlers plc in a report on Tuesday, March 7th. They issued a hold rating and a GBX 265 ($3.35) target price on the stock. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 284.08 ($3.59).

Mitchells & Butlers plc (MAB) traded up 4.39% during midday trading on Wednesday, hitting GBX 240.10. The company had a trading volume of 2,492,600 shares. Mitchells & Butlers plc has a 52 week low of GBX 207.00 and a 52 week high of GBX 303.10. The company’s market capitalization is GBX 996.42 million. The stock has a 50 day moving average price of GBX 250.24 and a 200 day moving average price of GBX 249.99.

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The business also recently announced a dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, May 25th will be issued a GBX 2.50 ($0.03) dividend. The ex-dividend date is Thursday, May 25th. This represents a yield of 0.97%.

About Mitchells & Butlers plc

Mitchells & Butlers plc is an operator of managed restaurants and pubs. The Company’s portfolio of brands and formats includes Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Crown Carveries, Stonehouse, Vintage Inns, Browns, Castle, Nicholson’s, O’Neill’s and Ember Inns.

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